In order to accelerate the acceptance process of Bandar Imam Petrochemical Company’s shares in the capital market, a joint meeting was held with the presence of the CEOs of Bandar Imam Petrochemical Company, Iran’s OTC Market (Farabourse), and Modabaran Eghtesad Investment Company.
This meeting aimed to facilitate and expedite the entry of the largest petrochemical company in the country into the capital market. During the session, Mohammad Ali Shirazi, CEO of Iran’s Farabourse, announced the serious intention of Persian Gulf Holding to offer the shares of this company. He stated that the entry of Bandar Imam Petrochemical into Farabourse is a significant and promising event for the petrochemical industry and the capital market of the country, potentially paving the way for greater advancements and successes in the future.
Bandar Imam Petrochemical is one of the oldest and largest petrochemical companies in the country, playing a crucial role in the production chain of basic and intermediate products. From the perspective of analysts, its entry into Farabourse is seen as a positive step towards financial transparency, enhanced oversight, and benefiting from the capacities of the capital market.
According to predictions, upon the completion of this process, the IPO of Bandar Imam Petrochemical Company could be one of the largest initial public offerings of the year.
